The World Economic Forum's Global Competitiveness Report, which had 159 participants, ranked
South Africa as number one in the strength of auditing and reporting standards. In the regulation of securities exchange, South Africa came in as number one as well.
No wonder that hedge funds are doing well in South Africa. A recent report said assets are up 8% reaching 32.1 billion Rand, new funds and new strategies are being consistently implemented and
launched, however the best is yet to come. A new regulatory framework has been proposed that
would effectively double if not triple the limits pension funds can invest in alternatives.
The South African hedge industry offers a very attractive proposition and can compete favorably
with other hedge fund jurisdictions in terms of return generation, risk management, independence,
transparency, custodianship and liquidity. The local infrastructure offers sophisticated prime
brokerage, derivatives and script lending capabilities.
For many investors, the “Africa story” is compelling from an emerging market growth story, because
of its youth - 1.1 billion Africans will be of working age in 2040, and natural resources, including its
rivers and land - 60% of the world’s total amount of uncultivated arable land is in Africa.
South African managers can serve as a conduit for pan-african investments, but is it really a
requirement to run Africa funds out of Africa, or can they also be managed from London or New York?
The Roundable was sponsored by Investment Data Services and took place in their Cape Town office
Leila Kuhlenthal, Head Business Development & Capital Introduction, Peregrine Group
Ian Hamilton, Chief Executive Officer, Investment Data Services Group
Norman Au, Head of Prime Broking, Investec Securities
James Gilfillan, Director & Senior Portfolio Manager, Alpha Asset Management
Murray Todd, Portfolio Manager, Edge Capital
Tony Christien, Director, Investment Data Services
We also thank the 2010 Roundtable Series sponsors Custom House Group and Taussig Capital for
Enjoy “listening in” to the 2010 Opalesque South Africa Roundtable!
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